Karmel Community Prayer Center
EIN: 453736911 · Minneapolis, MN · NTEE: X40
| Metric | Value |
|---|---|
| Total Revenue | $273K |
| Total Expenses | $253K |
| Net Assets | $247K |
Is Karmel Community Prayer Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Karmel Community Prayer Center
Karmel Community Prayer Center (EIN: 453736911) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code X40. The organization reported total revenue of $273K and total assets of $247K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Karmel Community Prayer Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Karmel Community Prayer Center is a small nonprofit that has been operating for 11 years, with 5 years of IRS 990 filings on record (2014–2019). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $273K |
| Total Expenses | $253K |
| Surplus / Deficit | +$21K |
| Total Assets | $247K |
| Net Assets | $247K |
| Operating Margin | 7.5% |
| Months of Reserves | 11.7 months |
Financial Health Grade: A
In 2019, Karmel Community Prayer Center reported a surplus of $21K with revenue exceeding expenses, holds 11.7 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2014–2019), Karmel Community Prayer Center's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +9.5% | +21.1% | +6.1% |
| 2018 | -51.9% | -60.0% | +21.4% |
| 2017 | +59.2% | +134.8% | +9.4% |
| 2015 | +109.8% | -30.0% | +145.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Karmel Community Prayer Center has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Karmel Community Prayer Center with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $21K, with revenue exceeding expenses.
Frequently Asked Questions about Karmel Community Prayer Center
Is Karmel Community Prayer Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Karmel Community Prayer Center (EIN: 453736911) insufficient data. 0 red flags identified, 0 strengths noted.
How does Karmel Community Prayer Center spend its money?
Detailed spending breakdown data is not yet available for Karmel Community Prayer Center. Check back for updated IRS 990 analysis.
Are donations to Karmel Community Prayer Center tax-deductible?
Karmel Community Prayer Center is registered as a tax-exempt nonprofit (EIN: 453736911). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Karmel Community Prayer Center located?
Karmel Community Prayer Center is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 453736911. It is classified under NTEE code X40.
How many years of IRS 990 filings does Karmel Community Prayer Center have?
Karmel Community Prayer Center has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $273K in total revenue.
Filing History
IRS 990 filing history for Karmel Community Prayer Center showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2014–2019), Karmel Community Prayer Center's revenue has grown by 75.9%, moving from $155K to $273K. Total assets increased by 246% over the same period, from $71K to $247K. Total functional expenses fell by 20.2%, from $317K to $253K. In its most recent filing year (2019), Karmel Community Prayer Center reported a surplus of $21K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $273K | $253K | $247K | $0 | — | View 990 |
| 2018 | $250K | $208K | $233K | $0 | — | View 990 |
| 2017 | $519K | $521K | $192K | $0 | — | View 990 |
| 2015 | $326K | $222K | $175K | $0 | — | View 990 |
| 2014 | $155K | $317K | $71K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $273K, expenses of $253K, and assets of $247K (revenue +9.5% year-over-year).
- 2018: Revenue of $250K, expenses of $208K, and assets of $233K (revenue -51.9% year-over-year).
- 2017: Revenue of $519K, expenses of $521K, and assets of $192K (revenue +59.2% year-over-year).
- 2015: Revenue of $326K, expenses of $222K, and assets of $175K (revenue +109.8% year-over-year).
- 2014: Revenue of $155K, expenses of $317K, and assets of $71K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Karmel Community Prayer Center:
Data Sources and Methodology
This transparency report for Karmel Community Prayer Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.